The Fed might not be done raising interest rates

Snippet of Article: "...CNN — Interest rate cuts have been the main focus for Wall Street ever since the end of last year, when Federal Reserve officials indicated they intended to lower rates. But stubborn inflation now has some investors wondering about the exact opposite: a rate hike. ...Then came March’s Consumer Price Index report, which showed prices rose 3.5% last month from a year earlier, up considerably from February’s 3.2% and higher than economists’ expectations. That also marked the highest reading in half a year. "

Source: www.cnn.com

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Federal Reserve: There is no need to adjust interest rates in the short term and the task of lowering inflation has not yet been completed

Snippet of Article: "...latest U.S. Consumer Price Index (CPI) data released on Wednesday, which showed a 0.4% increase in month-on-month inflation and a 3.5% rise compared to the previous year. Core CPI, which excludes volatile food and energy prices, also saw an increase of 0.4% month-on-month and 3.8% year-on-year. These figures exceeded market expectations and underscored the challenge faced by the Fed in managing inflationary pressures. The overall inflation rate of 3.5% is the highest level since ..."

Source: www.breakinglatest.news

Inflation,2024,Federal Reserve,Interest Rates,The Biden Years,Consumer Price Index (CPI),CPI,

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US Inflation Surprise Unsettles Markets

Snippet of Article: "...Consumer Price Index (CPI) climbed 3.1% in January, lower than in December, but above forecasts. Markets are now ruling out a March rate cut from the Federal Reserve ...Core CPI, which excludes volatile food and energy costs, rose 3.9% in January over the last 12 months after rising 3.9% in December. ..."

Source: www.morningstar.co.uk

Jan. 2024 CPI, CPI,Inflation,

When does the next CPI report land and what inflation rate is expected?

Snippet of Article: "July's core CPI, which excludes volatile food and energy prices, is expected to increase 4.9% annually and 0.4% on a monthly basis. June's core CPI rose 4.8% year-over-year and 0.2% on a monthly basis. The inflation data will certainly influence what the central bank decides to do at the next Fed meeting. The FOMC had raised the short-term federal funds rate 10..."

Source: www.kiplinger.com

CPI, Inflation 2024,Bidenomics,